Axa S.A. Makes New Investment in Nu Skin Enterprises, Inc. (NYSE:NUS)

Axa S.A. purchased a new stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,634 shares of the company’s stock, valued at approximately $1,061,000. Axa S.A. owned approximately 0.20% of Nu Skin Enterprises as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new position in Nu Skin Enterprises during the 2nd quarter worth $25,230,000. Federated Hermes Inc. increased its stake in shares of Nu Skin Enterprises by 111.8% during the second quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock valued at $13,950,000 after buying an additional 698,722 shares during the period. Norges Bank bought a new stake in shares of Nu Skin Enterprises in the fourth quarter valued at about $8,930,000. Vanguard Group Inc. lifted its stake in Nu Skin Enterprises by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock worth $89,751,000 after acquiring an additional 274,309 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Nu Skin Enterprises by 178.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 283,355 shares of the company’s stock worth $3,919,000 after acquiring an additional 181,528 shares during the period. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NUS. DA Davidson reduced their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Citigroup reduced their price objective on shares of Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Nu Skin Enterprises presently has a consensus rating of “Hold” and an average price target of $16.50.

Nu Skin Enterprises Stock Down 3.5 %

Shares of Nu Skin Enterprises stock opened at $7.11 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The company has a market cap of $353.13 million, a P/E ratio of -118.50 and a beta of 1.13. The firm’s 50 day moving average price is $8.99 and its 200-day moving average price is $11.16. Nu Skin Enterprises, Inc. has a 52-week low of $6.72 and a 52-week high of $21.02.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The business had revenue of $439.10 million for the quarter, compared to the consensus estimate of $431.87 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was down 12.2% on a year-over-year basis. On average, sell-side analysts predict that Nu Skin Enterprises, Inc. will post 0.78 EPS for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio is presently -400.00%.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.